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El Al Begins Layoffs Following Loan Agreement

MIAMI – El Al (LY) has begun to brief some 1,600 employees who are in line to be laid off. The layoffs are part of the conditions surrounding LY’s obtaining a state-guaranteed US$300m bank loan. El Al had recorded losses prior to the pandemic. Its base at Tel Aviv-Ben Gurion airport remains closed to non-essential […]

The post El Al Begins Layoffs Following Loan Agreement appeared first on Airways Magazine.

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Source:: “Airways Magazine”

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